Read Why Information Grows: The Evolution of Order, from Atoms to Economies Online Free - Why do some nations prosper while others do not? Economists usually turn to measures such as gross domestic product or per capita income to answer this question, but interdisciplinary theorist Cesar Hidalgo argues that we can learn more by measuring a country’s ability to make complex products.
In Why Information Grows, Hidalgo combines the seemingly disparate fields of economic development and physics to present this new rubric for economic growth. He believes that we should investigate what makes some countries more capable than others. Complex products—from films to robots, apps to automobiles—are a physical distillation of an economy’s knowledge, a measurable embodiment of its education, infrastructure, and capability. Economic wealth accrues when applications of this knowledge turn ideas into tangible products; the more complex its products, the more economic growth a country will experience.
A radical new interpretation of global economics, Why Information Grows overturns traditional assumptions about the development of economies and the origins of wealth and takes a crucial step toward making economics less the dismal science and more the insightful one.
|Title||:||Why Information Grows: The Evolution of Order, from Atoms to Economies|
|Number of Pages||:||256 pages|
May 23, 2015
Something that is absolutely essential to understand this book, subtitled 'The evolution of order from atoms to economies', on the fascinating topic of the nature of information in the world, and its relationship with the economy, is that the author is an academic at M.I.T.’s Media Lab.
When I fir...
November 13, 2016
Leitura rápida, mas densa e cheia de novas ideias. Uma explicação breve sobre o que é informação, a diferença para significado, nada que o A Informação não tenha feito em mais detalhes. Mas é só uma introdução para a grande explicação que vem em seguida, como a informação se acumula em sistemas a...
February 06, 2018
This book is a bit like a half-baked cake. All ingredients are there to work out a new, improved taste based upon an extended recipe. But it has not quite finished.
The book is about the role of information in the world and it is supposed to take us all the way from the atoms to economies. In part...
May 27, 2015
Why Information Grows
Chapter Summary by Cesar A. Hidalgo
Why Information Grows (WIG) describes the evolution of physical order in natural, social, and economic systems. By focusing on the evolution of information WIG reduces the evolution of economies to a particular case of the evolution of physi...
November 16, 2016
This was unlike any economics book I have ever read because it focused on information and entropy to explain not just how matter behaves, but our economics systems as well. Even if in the end this fails to explain the evolution of our economies, it seems like exactly the right lens through which...
November 30, 2015
This is a wonderful book. The way it introduces information and entropy is refreshing and clear. I don't think I ever read such an intuitive explanation of entropy, (at least a one that goes beyond entropy as disorder).
It also provides an interesting and new perspectives of what economy is, and h...
August 07, 2015
tl;dr - The author loves networks. Nodes plus paths equals insight.
Were I to recommend this book, I'd suggest you start with the last 'chapter' -- the acknowledgements. It frames the book as a story and helps breathe some context into a partially discontinuous collection of ideas.
There are good t...
February 01, 2016
This is an enormously conceptual book, and is more about economics than information.
The author makes the claim that the functionality and ordering of atoms (?) in physical products is information, and this grows with economies. A computer is only worth more than the plastic and chemicals its made...
November 02, 2017
Interesting book and enjoyable read overall - Hidalgo cobbles together physics, biology, information theory, sociology and comes up with a unified view of economic development as an epiphenomena on top of growth of information. Cute, but terribly fuzzy on the edges, as to be expected from any uni...
September 04, 2016
It is not an overstatement to say that this is THE book to read if you want to learn anything about an emerging view of why and how countries grow.
A key take-away for me is the importance of assessing development, not in terms of what people can buy, but instead what people can make. This knowle...